Define enterprise risk management and ‘management craze’, consider its status and evaluate the strengths and weaknesses of it assessing whether it is just another craze and if of any benefit to an organization.

Risk Management

Enterprise risk management is just another ‘management craze’ of little use to organizations. Critically evaluate this statement.

Define enterprise risk management and ‘management craze’, consider its status and evaluate the strengths and weaknesses of it assessing whether it is just another craze and if of any benefit to an organization.